Recognizing the need for security during the transition period, Canada agreed that the United Kingdom should remain a party to the Comprehensive Economic and Trade Agreement (CETA) and all other agreements between Canada and the EU during the transition period. These include multilateral agreements between Canada and the EU. The transition period will end on 31 December 2020 and trade policy changes could take place overnight if the UK (UK) and the European Union (EU) fail to reach an agreement quickly. UK import and export rules will remain unchanged, while the UK and EU continue to negotiate the terms of a new free trade agreement. For EU goods imported into Canada, the Canada Border Services Agency (CBSA) requires that “to benefit from the preferential tariff treatment granted under CETA, importers must have the declaration of origin completed by the exporter in the European Union or by any other recipient of CETA” (Customs Communication 17-30, “Implementation of the Canada-European Union Comprehensive Economic and Trade Agreement,” September 14, 2017, online at www.cbsa-asfc.gc.ca/publications/cn-ad/cn17-30-eng.html). This means that companies importing European Union products to Canada should ensure that they have received a copy of the exporter`s CETA original declaration before the goods arrive at the border. Here`s what the Brexit changes could mean for Canadian businesses and shippers, if there is no trade deal between the UK and the EU when the transition period ends: regardless of the outcome of negotiations on the future relationship between Britain and the EU, that the transition period ends without an agreement between the EU and the UK or by an agreement covering only certain parts of the current trade relationship, it is likely that at the end of the transition period, the uk-EU trade and investment rules will be immediately changed. If there is an agreement, the details will determine the changes in the UK`s trade relationship with the EU and their timetable. 15. This opinion serves only to take stock of future changes to the tariff and customs law and to consolidate the import duty requirements of CETA preferential rates. In order to gain a better understanding of CETA, importers are advised to review the agreement in its entirety and consult Bill C-30 before importing products that may benefit from this agreement.
CETA no longer applies to goods imported from CA. The UK Global Tariff (UKGT) will come into force and replace the current EU common external tariff as the new UK customs system.